"The history of Wall Street is inseparable from New York."
"Our greatest glory is not in never falling, but in rising every time we fall."Ron Chernow on Confucius
"The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew and act anew."Ron Chernow on Abraham Lincoln
"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history."Ron Chernow on Mahatma Gandhi
"The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little."Ron Chernow on Franklin D. Roosevelt
"I like the dreams of the future better than the history of the past."Ron Chernow on Thomas Jefferson
"Partly because his life ended before the age of 50, Hamilton was defined by the other founding fathers, and he managed, with amazing consistency, to alienate most of them."
"We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario."
"The public has lost faith in the ability of Social Security and Medicare to provide for old age. They've lost faith in the banking system and in conventional medical insurance."
"The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before."
"You don't want too much fear in a market, because people will be blinded to some very good buying opportunities. You don't want too much complacency because people will be blinded to some risk."